24,350 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Josh Arnold Investment Consultant LLC

Josh Arnold Investment Consultant LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,350 shares of the company's stock, valued at approximately $1,842,000. Palantir Technologies accounts for 1.6% of Josh Arnold Investment Consultant LLC's portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the fourth quarter valued at $28,000. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $31,000. Finally, R Squared Ltd purchased a new position in Palantir Technologies during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 6,776 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,901,701 shares of company stock valued at $370,407,533. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

PLTR traded down $0.60 during trading on Tuesday, hitting $122.72. The stock had a trading volume of 47,480,825 shares, compared to its average volume of 77,774,434. The firm has a market capitalization of $287.81 billion, a P/E ratio of 643.30, a PEG ratio of 10.84 and a beta of 2.68. The company's 50-day moving average price is $103.41 and its 200 day moving average price is $88.49. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Citigroup raised their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.